It has been an unusual start to the week for markets…
Or lack of we should say.
The ASX had an outage and completely stopped everyone from trading!
In other news…
The U.S military just announced $27m investment in psychedelic drugs to help treat veterans with PTSD.
It is estimated that among Americans who have served over the last 13 years, 500,000 have been diagnosed with PTSD.
The value of psychedelic plants and fungi in the context of mental health disorders cannot be overstated. As research continues to show that PTSD sufferers could stand to benefit substantially from their use.
Click here, to read the full article.
This Afternoon, the ASX has apologised for the disruption to trading caused by the outage of the ASX Trade system.
The bourse said it, and its technology provider Nasdaq, had identified the root cause and a resolution path to fix it. It said it would be fixed in time for normal trading tomorrow.
Today had marked the go-live date for the refreshed ASX Trade system.
“ASX is very disappointed with today’s outage and sorry for the disruption caused to investors, customers and other market users. The outage falls short of the high standards we set ourselves and the standards others expect of us," said ASX managing director and chief executive Dominic Stevens.
"Notwithstanding the extensive testing and rehearsals, and the involvement of our technology provider, ASX accepts responsibility.
The obligation to get this right and provide a reliable and resilient trading system for the market rests with us.